Company Valuation: IPH Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,786 1,839 1,553 1,193 989.3 864.4 - -
Change - 2.99% -15.53% -23.18% -17.1% -12.63% - -
Enterprise Value (EV) 1 1,859 2,179 1,912 1,548 1,346 1,171 1,138 1,106
Change - 17.23% -12.25% -19.05% -13.06% -12.99% -2.81% -2.8%
P/E 34x 27.5x 25.2x 17.8x 12.5x 8.71x 8.11x 7.79x
PBR 4.16x 3.19x 2.45x 1.71x 1.59x 1.39x 1.4x 1.4x
PEG - 1.5x -2x 5.41x 0.6x 0.3x 1.09x 1.9x
Capitalization / Revenue 4.64x 3.69x 2.55x 1.68x 1.39x 1.22x 1.2x 1.18x
EV / Revenue 4.83x 4.37x 3.13x 2.18x 1.89x 1.65x 1.58x 1.51x
EV / EBITDA 13.5x 12.8x 9.78x 7.47x 6.54x 5.8x 5.53x 5.28x
EV / EBIT 15.4x 18.7x 10.7x 8.21x 7.15x 6.44x 6.14x 5.87x
EV / FCF 21.2x 25.7x 15.8x 12.3x 9.06x 9.18x 7.74x 7.58x
FCF Yield 4.72% 3.9% 6.32% 8.13% 11% 10.9% 12.9% 13.2%
Dividend per Share 2 0.305 0.33 0.35 0.365 0.385 0.3821 0.3951 0.4046
Rate of return 3.74% 4.21% 5.58% 7.97% 9.97% 11.3% 11.7% 12%
EPS 2 0.24 0.2843 0.249 0.2572 0.3082 0.3868 0.4155 0.4325
Distribution rate 127% 116% 141% 142% 125% 98.8% 95.1% 93.5%
Net sales 1 385.1 498.1 609.9 710.3 712.8 709.2 720.6 733.4
EBITDA 1 137.4 170 195.5 207.2 205.9 202 205.9 209.4
EBIT 1 120.7 116.7 178.3 188.5 188.3 181.9 185.3 188.5
Net income 1 52.56 64.54 60.8 68.8 80.4 90.7 96.51 100.5
Net Debt 1 73.02 339.9 358.6 354.4 356.3 306.4 273.6 241.8
Reference price 2 8.160 7.830 6.270 4.580 3.860 3.370 3.370 3.370
Nbr of stocks (in thousands) 218,819 234,856 247,738 260,544 256,293 256,487 - -
Announcement Date 8/17/22 8/16/23 8/21/24 8/20/25 8/19/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.71x1.65x5.8x11.34% 601M
28.79x14.68x20.86x0.75% 662B
35.02x6.42x22.78x1.03% 77.11B
23.5x4.6x10.13x0.72% 67.29B
-106.62x24.05x57.83x-.--% 66.55B
10.38x1.38x7.12x1.06% 45.17B
45.17x1.67x9.32x-.--% 44.93B
19.68x3.36x8.01x1.61% 31.59B
19.79x6.06x11.56x-.--% 25.91B
9.41x2.53x6.09x-.--% 23.59B
Average 9.38x 6.64x 15.95x 1.65% 104.48B
Weighted average by Cap. 19.24x 12.04x 20.61x 0.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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